2 Bed Flat, Single Let, Derby, DE21 7SH £130,000

Bridgeside Way, Spondon, DE21 7SH - 6 views - a year ago

Sold STC

BTL

ROI: 6%

~68 m²

ValuationOvervalued

Sold Prices	£78K - £165K
Sold Prices/m²	£1.2K/m² - £2.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£119,768£119,768

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£5,400£5,400
Total Cash In	£37,900£37,900

Cash Out
Rent Range	£525 - £1,000£525 - £1,000
Rent Estimate	£816
Running Costs/mo	£589£589
Cashflow/mo	£227£227
Cashflow/yr	£2,719£2,719
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

27 sold prices from £78K to £165K, average is £108K. £1.2K/m² to £2.5K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£130K	05/25	0 mi	54, Bridgeside Way, Derby DE21 7SH	£2,453	53	2	Flat
£130K	05/25	0 mi	54, Bridgeside Way, Derby DE21 7SH	-	-	2	Flat
£148K	06/25	0.02 mi	37, Towpath Way, Derby DE21 7SL	£2,426	61	2	Flat
£148K	06/25	0.02 mi	37, Towpath Way, Derby DE21 7SL	-	-	2	Flat
£108K	06/23	0.34 mi	1, Flat 4, Hatton Mews, Derby DE21 7UA	£1,800	60	2	Flat
£165K	06/25	0.38 mi	Flat 6, 116, Nottingham Road, Spondon, Derby DE21 7NP	£1,941	85	2	Flat
£165K	06/25	0.38 mi	Flat 6, 116, Nottingham Road, Spondon, Derby DE21 7NP	-	-	2	Flat
£117.5K	11/23	0.48 mi	Flat 13, Peckerdale Gardens, Derby DE21 7SX	-	-	2	Flat
£120K	01/24	0.48 mi	Flat 42, Peckerdale Gardens, Derby DE21 7SX	£2,143	56	2	Flat
£120K	01/24	0.48 mi	Flat 42, Peckerdale Gardens, Derby DE21 7SX	-	-	2	Flat
£117.5K	11/23	0.48 mi	13, Peckerdale Gardens, Spondon, Derby, City Of Derby DE21 7SX	£2,026	58	2	Flat
£128K	04/23	0.48 mi	27, Peckerdale Gardens, Spondon, Derby, City Of Derby DE21 7SX	£2,207	58	2	Flat
£107K	11/21	0.48 mi	23, Peckerdale Gardens, Spondon, Derby, City Of Derby DE21 7SX	£1,672	64	2	Flat
£120K	05/23	0.48 mi	34, Peckerdale Gardens, Spondon, Derby, City Of Derby DE21 7SX	£2,034	59	2	Flat
£105K	09/21	0.49 mi	3, Peckerdale Gardens, Spondon, Derby, City Of Derby DE21 7SX	£1,990	53	2	Flat
£80K	10/21	0.73 mi	90, Arnhem Terrace, Spondon, Derby, City Of Derby DE21 7PQ	£1,253	64	2	Flat
£129.5K	08/23	0.74 mi	7, Windmill Meadow, Spondon, Derby, City Of Derby DE21 7SZ	£2,158	60	2	Flat
£105K	06/24	0.78 mi	74, Waterford Drive, Derby DE21 6TL	£1,419	74	2	Flat
£105K	06/24	0.78 mi	74, Waterford Drive, Derby DE21 6TL	-	-	2	Flat
£85K	04/22	0.79 mi	66, Lexington Road, Chaddesden, Derby, City Of Derby DE21 6UZ	-	-	2	Flat
£93K	07/22	0.79 mi	33, Waterford Drive, Chaddesden, Derby, City Of Derby DE21 6TN	£1,691	55	2	Flat
£78K	01/24	0.87 mi	112, Oregon Way, Derby DE21 6UP	£1,182	66	2	Flat
£78K	01/24	0.87 mi	112, Oregon Way, Derby DE21 6UP	-	-	2	Flat
£95K	10/23	0.87 mi	43, Lexington Road, Derby DE21 6UX	-	-	2	Flat
£95K	10/23	0.87 mi	43, Lexington Road, Derby DE21 6UX	£1,319	72	2	Flat
£100K	12/21	0.88 mi	23, Bridgeport Road, Chaddesden, Derby, City Of Derby DE21 6WA	-	-	2	Flat
£95K	10/23	0.89 mi	43, Lexington Road, Chaddesden, Derby, City Of Derby DE21 6UX	£1,319	72	2	Flat

Local Rents

24 rents from £525/mo to £1K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£825	08/25	0.02 mi	Bridgeside Way, Spondon, DE21 7SH	2	Room
£750	07/25	0.05 mi	Towpath Way, Spondon, Derby	2	Terraced House
£795	09/25	0.06 mi	Towpath Way, Spondon, Derbyshire, DE21	2	Terraced House
£770	02/24	0.06 mi	-	2	Terraced House
£790	04/25	0.06 mi	-	2	Terraced House
£830	09/25	0.07 mi	-	2	Terraced House
£825	08/25	0.09 mi	Towpath Court, Spondon, Derby, DE21	2	Terraced House
£850	06/25	0.15 mi	Oakfields Grove, Spondon, DE21	2	Semi-Detached House
£850	11/25	0.32 mi	Hatton Mews, Spondon, Derby, Derbyshire, DE21	2	House
£975	10/25	0.33 mi	-	2	Flat
£975	10/25	0.33 mi	Spondon, Derby, DE21	2	Flat
£800	12/24	0.48 mi	Peckerdale Gardens, Spondon	2	Flat
£850	11/25	0.48 mi	Peckerdale Gardens, Spondon, Derby, DE21	2	Flat
£825	11/25	0.48 mi	-	2	Flat
£825	10/25	0.48 mi	Peckerdale Gardens, Spondon, Derby, DE21	2	Flat
£750	07/25	0.48 mi	Peckerdale Gardens, Spondon, Derby, Derbyshire	2	Flat
£825	11/25	0.48 mi	Peckerdale Gardens, Spondon, Derby, Derbyshire	2	Flat
£875	07/25	0.49 mi	-	2	Flat
£525	08/25	0.49 mi	Peckerdale Gardens, Derby, Derby	2	Flat
£900	12/24	0.54 mi	Silver Hill Road, Spondon, DE21 7HA	2	Flat
£550	08/25	0.56 mi	Park Leys Court, Spondon, Derby	2	Terraced House
£1,000	11/25	0.58 mi	Beeches Avenue, Spondon, Spondon, DE21	2	Bungalow
£895	12/24	0.58 mi	Beeches Avenue, Spondon	2	Flat
£850	12/24	0.59 mi	Sitwell Street, Spondon, Derby, Derbyshire	2	Flat

Local Area Statistics

Population in DE21	57,01857,018
Population in Derby	308,324308,324
Town centre distance	2.53 miles away2.53 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	0.15 miles away0.15 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+12%+12%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+33%+33%

Property History

Price changed to £130,000

December 4, 2024

Listed for £140,000

June 20, 2024

Floor Plans

Description

Modern Two Bedroomed Coach House +
Excellent First Time Buy, Viewing Recommended +
Open Plan Living Area And Kitchen +
EPC Rating C, Standard Construction +
Council Tax Band A, Freehold +
Modern Bathroom +
Allocated Parking Space +

An internal inspection of this modern coach house, excellent for the first time buyer and viewing is recommended. The property enjoys a light and airy open plan living area opening to a fitted kitchen together with two bedrooms and allocated parking.

The coach house benefits from gas fired central heating, UPVC double glazing and briefly comprises:- entrance hall with staircase to the open plan living area, fitted kitchen, two good size bedrooms and bathroom with a white three-piece suite. There is also the benefit of an allocated parking space.

The property is within a modern development close to Spondon and its range of amenities together with excellent road links for the A52, M1 motorway, A50 and Nottingham East Midlands Airport.

Viewing is recommended.

Agent Details

Hannells Estate Agents, Chaddesden

01332 215192

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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